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DD on PRRM Called the CEO tonight! (Page 1)

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Author	Topic: DD on PRRM Called the CEO tonight!
rickpic Member	posted July 29, 2004 20:15 Spent 1 hour on the Phone with Richard Astrom,CEO of PRRM! PRRM A/S 20,000,000,000 O/S aprox 300,000,000 per Richard Astrom 7/29/04 PM I just spent an hour on the phone with Richard Astrom the CEO of PRRM he said the REGDEX filing was actualy a Form 504 filing. The REGDEX form 504 paper filing is to authorize the issuance of $1 million dollars in shares, and it was filed on 6/9/04. He didn't know how to find it online so I helped him get to it! The Form 504 authorized to a Market Maker, gives that MM the right to sell $1m in shares on behalf of the company. I was assured by Richard Astrom that there would be no further issuances of shares anytime in the forseeable future! The $1m is to add to ongoing Morgages being sold by PRRM. which are issued to medium to, higher risk client who need a loan now, rather than waiting out the 1-3 month loan application period! Most should be short term loans because PRRM issues these loan with a 65% maximum equity out value and a 12-15% interest rate, and get this! Approximately 20% points ($40k on a $200K loan at closing! Nice)! The next thing I liked was that all of the loans are writen with a 3% penilty for early payoff! Either way PRRM wins 12-15% for term or 3% out and they already have the points paid! He told me that the 1 to 10 forward split was issued because he understood that the PPS was low as a result of the 504 shares being issued and that it was to make shareholder feel better about there holding. He went on to say that and Im gonna quote him " There will be no reverse spit of PRRM share" I asked him if he could give me a guaranteed time for no R/S and he got a bit defencive, but said "I haven't even concidered it, but at least for the forseeable future. He added "I can't see an R/S happening this year at all" I had done a Google search for his name prior to my call and it brought back 4 more companies one of which is CSIN OTCBB so I asked him if there was any possibility of CSIN buying and adding PRRM as a Subsidiary and he said " I don't think that would be in the best interest of either company, but I do plan on filing to get PRRM listed to the OTCBB at some point in the near future" During the conversation and before we discused CSIN he made referance to another company he owns without naming it and it was stuff that has not been PRed yet so I wont post it, but my feeling was that he was refering to CSIN so I'll be keeping a close eye on that one, as well! There is another company with the symbol NRPI that you will come across if you do DD on Richard Ashton. It is now a shell with an issue. I questioned Mr. Astrom about the company and why it doesn't trade anymore and he said that it was a first company and that the transfer agent had issued more shares then were authorized and that he had contacted the SEC about it and they told him to fix it! He felt that the issue had been cleared up by the TA of that shell and that NRPI could become a tradeable shell if it wasn't already! He said " If you are buying at this level then he felt that you would be buying at the bottom" I assured him before the conversation was over that I was and would continue to do so till the PPS started to rise higher than I felt safe with! All in all, I found Richard Astrom, CEO of PRRM, to be very straight forward and to the point. He didn't try to avoid any of my question and he said that I was the only caller he had had in a month. He said there must be many people buying on spec with no infomation to go on and that he didn't understand how people could buy like that, and that he would be happy to discuse PRRM or CSIN or even NRPI with anyone who was smart enough to do there DD the right way! I have added up the total sales at the bottom PPS on all days since 6/9/04 and my best guess says they have sold very close to all of the 504 shares at this time and I will be looking for a bounce due to demand when the 504 is done! Prime Rate Investors, Inc., Coral Gables Richard Astrom, 786/236-6434 Fax: 305/666-3994 http://www.prrm.us E-mail: nres74@hotmail.com Good Luck! Rick [This message has been edited by rickpic (edited July 29, 2004).] IP: Logged
will Member	posted July 29, 2004 21:01 Hey rick, I bought this way too early. Thanks for the info, now I will feel safer averaging down. IP: Logged
rickpic Member	posted July 29, 2004 21:08 Hey Will call Mr Astrom if you have any questions at all about PRRM. I provided the PH#! Good Luck Rick [This message has been edited by rickpic (edited July 29, 2004).] IP: Logged
will Member	posted July 29, 2004 21:09 Will do, should have called before I bought lol. quote: Originally posted by rickpic: Hey Will call Mr Ashton if you have any questions at all about PRRM. I provided the PH#! Good Luck Rick IP: Logged
dardadog unregistered	posted July 29, 2004 21:17 Thanks Rick. ------------------ Due Da Due......But Be Quick About It!!!!! Wid ma mind on ma money an' ma money on ma mind!!! DaDog IP: Logged
rickpic Member	posted July 29, 2004 21:30 quote: Originally posted by dardadog: Thanks Rick. No problem! Just getting the DD from the horses mouth instead of the horse down the streets mouth! Seeing as my holdings are increasing dramaticly and its becoming a major in my account! The No reverse split quoat is the one I wanted no here! as Will said I feel safer adding now! 12m and counting! Good Luck! Rick [This message has been edited by rickpic (edited July 29, 2004).] IP: Logged
Upside Member	posted July 29, 2004 22:57 Sounds almost like legal loan sharking. I don't mean that in a negative light either. They appear to be one of those sub prime lenders and if they can capture enough market share they can be wildly profitibale. Gonna keep my eye on this one! IP: Logged
id4rox Member	posted July 30, 2004 06:00 Perhaps a limit buy at .0003 would be a wise price here for the start of next week methinks? IP: Logged
Love the Market Member	posted July 30, 2004 07:00 Hi Rick - Nice job. One thing though; are you SURE he said 20 POINTS???? 20% ?? $40,000.00 on a $200,000.00 loan? I would think that 20 points would violate the FL usury laws. They have REALLY cracked down on Auto Title Loans and Pay Day Loans from places like Check Cashing Stores that charge interest at the rate of "Two arms if you repay by Thursday - and both legs if it takes 'til Saturday" ! Not quite - but almost. I have many friends down here in So. FL who are "Hard Money Lenders", and have even lent some out myself. But we USUALLY NEVER charge more than 3 Points (3%) - and usually have no pre-payment penalty. We have about 8 good-size Real Estate Investor Clubs down here - with probably 60 "Hard Money" men (and women)- and THAT's the norm. We get the same 12-15% APR and will only lend a MAXIMUM of 65% LTV. That part I agree with. We can do a deal almost "overnight"! We're lending on the value of the property in case we have to take it back and resell it - NOT on the person OR his/her credit. This is really nothing more than "bridge" money for Real Estate 'flips' or Purchase/Rehabs, and people don't keep the money out for more than 2-4 months, on average. Hence - the NEED for the 'points' (1 pt. = 1% of the loan). I may give him a call today if I get a chance - or Monday. I'll also call a few of the other guys I know well down in Miami and see what they have to say about him. (They MUST know who the guy charging 20 points is - LOL)! Good Luck! Steve PS: It's GREAT to have you back posting again. [This message has been edited by Love the Market (edited July 30, 2004).] [This message has been edited by Love the Market (edited July 30, 2004).] IP: Logged
rickpic Member	posted July 30, 2004 10:15 I may have herd him wrong if 20 points is in fact not possible, or I may have taken his comment out of context. I was typing from notes and memory and don't have the amount of points writen down. He may have said that Hard Money borrower would pay 20 points just to get what they need! I'm glad you are calling him because the notes will be compairable after your call! thanks rick IP: Logged
jmichael7 Member	posted August 01, 2004 12:47 ..thanks for sharing your DD with us rickpic is much appreciated... ;0) em jm IP: Logged
will Member	posted August 02, 2004 08:42 Press Release Source: Prime Rate Investors, Inc. Prime Rate Investors Inc. Announces Hiring of Mergers & Acquisitions Firm to Seek NE Regional Mortgage Company for Acquisition Monday August 2, 8:02 am ET CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 2, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that the company has retained Windsor Capital of 82 Wall Street, Suite 1107, New York, N.Y. to search for a prominent, regional "hard equity" mortgage company located in the Northeast section of the US. Windsor Capital is a merger and acquisition firm specializing in financial services companies in the Northeast. "The company realizes that the time is perfect for growth and expansion in our market as interest rates are rising, which makes our rates more affordable to our borrowers," said Richard Astrom, President of PRRM. Prime Rate lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date. The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida which is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans". The company has a web site: http://www.prrm.us IP: Logged
rickpic Member	posted August 02, 2004 08:56 Will. I just saw that! Astrom and I discused the NE reagon on the phone and I believe he was listening to me. One thing is for certain and that is that he has taken it to the top with a very prominent NYC firm to handle the next aquisition in the NE! In for 16m now and still building this lil nest egg! Rick IP: Logged
will Member	posted August 02, 2004 09:01 Good find rick. I saw it falling and bought a modest amount at .005, and was sick. Then I saw your thread here, and averaged down to .0007. I don't think this news will give it a pop yet, but looks like he's done a very positive thing. Bet it makes you feel good that the guy followed up on your NE expansion suggestion, good job. quote: Originally posted by rickpic: Will. I just saw that! Astrom and I discused the NE reagon on the phone and I believe he was listening to me. One thing is for certain and that is that he has taken it to the top with a very prominent NYC firm to handle the next aquisition in the NE! In for 16m now and still building this lil nest egg! Rick IP: Logged
rickpic Member	posted August 02, 2004 09:09 Yes Will, it does! He had asked me where I was from and what the RE market was like and I told him I was from MA and that RE values were up as much as 20% over 20% in my area. I guess he got right on the phone or he was very surprized that we were on the same track one or the other! Either way this is great news for those buying at this level! Can't wait till they find and he PRs the actual aquisition targets, that should be real sweet for us! Rick IP: Logged
realityinc21 Member	posted August 02, 2004 09:13 quote: Originally posted by jmichael7: ..thanks for sharing your DD with us rickpic is much appreciated... ;0) em jm SERIOUS DD. THANKS RICKPIC--MIGHT HAVE A GOOD MONEY MAKER HERE. ON MY WATCH LIST. THANKS... ------------------ DIANA IP: Logged
rickpic Member	posted August 02, 2004 09:26 Anyone who knows me here would expect nothing less! Thanks you for reading it! I think we have a winner here! Good Luck Rick IP: Logged
rickpic Member	posted August 02, 2004 21:58 Pictures of first PRRM loan property through Tampa Bay Mortgages Inc ST. PETERSBURG, Fla., Jun 16, 2004 (BUSINESS WIRE) -- Tampa Bay Mortgage Services, Inc., a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets:PRRM), announces that it has given a $1,000,000 secured line of credit to Royal Arkansas Hotel and Suites, Inc. in Pine Bluff, Arkansas. The funds are to be used for renovation of a 200 room hotel. The hotel is presently known as the Pine Bluff Convention Center Hotel and is attached to the Pine Bluff Convention Center. javascript:viewHotelImgs("10227626"); [This message has been edited by rickpic (edited August 02, 2004).] IP: Logged
will Member	posted August 02, 2004 22:06 Rick, picked up more today at .0003. Have 620K at .00049 now IP: Logged
brendand00 Member	posted August 03, 2004 14:38 i just got in at 0003. i wathced about 40 million go through at 0003 before my 2 mil. What do you guys think, is this the bottom and now i make some 200 dollars with every 0001 it goes up. what do we think fellas, it should at least rebound to 0005 in the next couple days? IP: Logged
rickpic Member	posted August 03, 2004 20:45 Heres what I think! Those 40m shares were mostly me buying and WIEN droping off the bid was very significant! I called WIEN today and spoke with Larry Wien himself about PRRM! He reafirmed the 504 for $1m and WIEN is the MM handling the dependiture for $1. I asked him how close they were to completing the sale and of course he didn't give me an answer, but something told me they were very close to completing it! Not even 5 minutes after I hung up the phone WEIN droped off the ask and placed an ask of .001. Tomorrow we should know if the dependiture is done or not. An aquisition of a broker in the NE area will prove to be very great for PRRM and I can't wait to find out which one it will be! I'm from NE and I know the market here. Its big! Hang in there, this has reasons to move north! Rick [This message has been edited by rickpic (edited August 03, 2004).] IP: Logged
will Member	posted August 03, 2004 21:00 Move South? Do you mean North rick? I tried to buy more at .0002 today but didn't get filled. If the 504 is finished what do you expect tomorrow and the balance of the week. quote: Originally posted by rickpic: Heres what I think! Those 40m shares were mostly me buying and WIEN droping off the bid was very significant! I called WIEN today and spoke with Larry Wien himself about PRRM! He reafirmed the 504 for $1m and WIEN is the MM handling the dependiture for $1. I asked him how close they were to completing the sale and of course he didn't give me an answer, but something told me they were very close to completing it! Not even 5 minutes after I hung up the phone WEIN droped off the ask and placed an ask of .001. Tomorrow we should know if the dependiture is done or not. An aquisition of a broker in the NE area will prove to be very great for PRRM and I can't wait to find out which one it will be! I'm from NE and I know the market here. Its big! Hang in there, this has reasons to move south! Rick IP: Logged
rickpic Member	posted August 03, 2004 21:20 Yes i meant NORTH! Not really sure how much North but any move north puts me in the green at this point! My average is now under .0004 with my buys today at .0003 now holding 43.5m Good Luck Rick IP: Logged
will Member	posted August 03, 2004 21:28 Good Luck! quote: Originally posted by rickpic: Yes i meant NORTH! Not really sure how much North but any move north puts me in the green at this point! My average is now under .0004 with my buys today at .0003 now holding 43.5m Good Luck Rick IP: Logged
rickpic Member	posted August 05, 2004 19:26 Another record volume day today! Shares traded since 7/19 1,981,155,000 Cash value calculated at the low of the day $1,061,102.91 The Regdex 504 dependiture for $1 million dollars was filed on 6/9/04 Between 6/9 and 7/5, 72 million shares traded at an average of .01 or $720,000.00 (Some traded much higher) Between 7/6 and 7/16 when volume moved way up! 67 million shares traded at an average of .004 or $268,000.00 Very interesting that the cash generated from trading between 6/9 when the 504 was filed and 7/16 when volume picked up was $988,000,00 Just $12,000.00 under the total of the 504 filing! In any case $1,708,000.00 is the cash generated from sales since the filing! My guess is that the 504 is done and that the shares are just being moved around to make it appear that it is not done for some reason! Maybe to shake out weak hands, so that larger investers can accumulate at this much lower level! I'm not sure! I do know however that I wont be shaken below a 125% gain on my investment, and even then I will hold on to 10s of millions of free shares! Good Luck All! Rick IP: Logged
rickpic Member	posted August 05, 2004 19:30 1 note to add! SEC rules staight that 504 dependiture filing limit shares to the amount it takes to cover the dependiture for one year from the filing! Rick All shares traded today were at the ask! IP: Logged
Spinoff Member	posted August 06, 2004 12:38 Rickpic - I took a look a the property in AK. I don't mean anything by this, but the word cheese comes to mind. I agree if they get a hold of a company up here in the NE they'll have a good chance to make some cash. Do you feel the property selections that Tampa will make in the future will make inverstors more secure in their investment? I'm thinking on putting some money into this, but hoping for .0001. IP: Logged
i'm all in Member	posted August 06, 2004 15:03 when is this one going to make its move. I'm holding 4m averaged at 0003, so i'm down nothing but the comission fees, but i'm hoping this will take flight soon. I'm surprised that NE acquisition talk didn't stir the price. When can we see a legitimate increase here ric? IP: Logged
rickpic Member	posted August 06, 2004 19:54 OK guys Im not clarivoiant! I can't predict the future! I'll say this much though. I'm in @.0003906 and didn't get any today @.0002 I wasn't around to catch the bargain, but I would have bought all 150 million shares that traded @.0002 if I had been! Now that thats said! Prime isn't buying the properties they are Making Hard Money, High Interest Loans on these properties at 15% and high closing costs. The revenue is not from realestate, its from interest and finance costs, not unlike a bank but with higher yields! As for the PPS drops, it due to the $1 million dollar dependiture being issued and not yet being complete! I would hope its almost done and then we will see a rise with the next PR! I hope they find a target Mortgage Broker to take over in NE soon as that will be a payday for anyone buying way down here at this level, also dont forget the 1 to 10 FS thats coming 9/1 as we get closer to that date thing should also get good! It means almost 5 million free shares for me! My feeling is that big money has been buying up the low PPS shares and that they will hold for PR and the split! It may take a few more weeks, but hang in there its coming! Rick [This message has been edited by rickpic (edited August 06, 2004).] [This message has been edited by rickpic (edited August 07, 2004).] IP: Logged
will Member	posted August 06, 2004 22:30 Rick, you in at .0039 or .00039? I'm averaged at .00049. IP: Logged
rickpic Member	posted August 07, 2004 01:24 LOL .0003906 is my average! Thinking it may take off sometime next week! Rick [This message has been edited by rickpic (edited August 07, 2004).] IP: Logged
will Member	posted August 07, 2004 09:33 I'm hoping for the same rick. I tried all day to buy a million at .0002, and have a GTC for a million at .0001, never filled Friday. I either want to buy more at .0001 / .0002, or sell some at .0007. I think it will take one promising PR to make this move up a bit. If it even has a small run to between .0007 - .001, it will retrace for another buying opportunity. Looks like a good one to swing and hold free shares before 9/1. quote: Originally posted by rickpic: LOL .0003906 is my average! Thinking it may take off sometime next week! Rick [This message has been edited by rickpic (edited August 07, 2004).] IP: Logged
rickpic Member	posted August 09, 2004 09:21 PR out this AM looks like $400k plus in income to PRRM over next 2 years! Prime Rate Investors Inc. Has Been Paid Closing Points and Has Received Final Funding Request for Hotel, Forward Split Set for September 1st Business Wire - August 09, 2004 08:01 CORAL GABLES, Fla., Aug 9, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (Pink Sheets:PRRM) announces that the company has received final funding request for closing from Royal Arkansas Hotel and Suites and has paid Prime Rate Investors its fees for funding. Closing is set for August 27. The mortgage loan is a draw on the $2,000,000 credit line and is at 18% interest. Richard Astrom, President of Prime Rate Investors, said, "We are excited to make the loan as we consider it to be a prudent and profitable investment." The hotel consists of 200 units and it attached to the Pine Bluff, Arkansas Convention Center. The hotel and Convention Center are across the street from the City of Pine Bluff City Hall. The convention center is owned and operated by the City of Pine Bluff Arkansas. Bob Purvis, director of the Convention Center, said, "We are excited to have new ownership in the hotel as they are experienced hotel operators, and they are bringing new and fresh ideas to the hotel and Convention Center." Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date. The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida, which is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans." The company has a web site: http://www.prrm.us. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. SOURCE: Prime Rate Investors, Inc. Prime Rate Investors, Inc. Richard Astrom, 786-236-6434 Fax: 305-666-3994 http://www.prrm.us E-mail: nres74@hotmail.com Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com. Copyright (C) 2004 Business Wire. All rights reserved. IP: Logged
i'm all in Member	posted August 09, 2004 10:45 can someone please explain this forward split, and what benefits it has to the shareholders. Are there dividends recieved as a result or what? I am kind of confused so please help!! IP: Logged
rickpic Member	posted August 09, 2004 10:55 It means for every 10 shares you own you will own 11 after the dividend! It becomes a 10% increase in your holdings of the company and any future aquisitions ,loan income they produce! This company is building on a very bright looking future! IMO! Rick IP: Logged
gmoney Member	posted August 09, 2004 11:03 quote: Originally posted by rickpic: It means for every 10 shares you own you will own 11 after the dividend! It becomes a 10% increase in your holdings of the company and any future aquisitions ,loan income they produce! This company is building on a very bright looking future! IMO! Rick rickpic ... what happened to VRMD? This situations look very similar. Did you get burned on VRMD? IP: Logged
rickpic Member	posted August 09, 2004 11:24 Yes i did get burned on VRMD lost 50%, but this is another company and a great play at .0003 If I based my whole investing stratigy on one bad company then I may as well hang it up! I was able to do much better DD on this company then I was on VRMD, not to say that I didn;t do all i could there also, but the CEO and I had a very long conversation on PRRM and its future. .0003 is a drop in this soon to be full bucket! IMO! Rick IP: Logged
Spinoff Member	posted August 09, 2004 11:31 Do you feel with the dependiture as well as the dilution after 9/1 that this thing will get to .0001? I figured if I buy 5k worth now @.0002 then after 9/1 I'll have total worth of 2750....if it goes to .0001. If that's true then I may just wait until the forward split. IP: Logged
rickpic Member	posted August 09, 2004 11:41 There is 11.4 million dollars in PRRM at this time. $6m to Viyon Corp for aquisition (was MMLD) $2m to National Hospitalities Group Inc as a revolving creadit line. $1m to The Sanibel Group for aquisitions. and the most recent $1m to Royal Arkansas Hotel and Suites Inc for renovations at a $400k return to PRRM $1m from the recent 504 dependiture! I didn't even add in the income from the first 3 loans, because the terms were not PRed yet! But I assume that they are issued at a minimum of 15% over at least 2 years with points and early out penalties! I assume that the O/S is around 1.5bb at this time and if I divide that by 11.4 million, I'd say its a very safe play at this time. Rick [This message has been edited by rickpic (edited August 09, 2004).] IP: Logged
Spinoff Member	posted August 09, 2004 11:44 Cool thanks again Rickpic. I'll be in for sure just not sure how much yet . IP: Logged
rickpic Member	posted August 09, 2004 11:45 Good Luck buying at .0002 as I think WIEN has that pretty well covered at this time. I also feel that the dependiture is done and that WIEN pushed it down to get cheep shares and ready themselves for any upcoming run! I hold at .0003906 and am very comfortable with my position! Good Luck Rick IP: Logged
Spinoff Member	posted August 09, 2004 11:50 Awesome yep .0003 is pretty tasty at this time...just always curious to see if it'll go even lower, cuz that is the difference in a lot of shares. Rickpic do you have a good chart page for PRRM? My chart site isn't that great. Thanks again. Monty. IP: Logged
rickpic Member	posted August 09, 2004 12:02 Try this site! http://stockcharts.com/def/servlet/SC.scan IP: Logged
Spinoff Member	posted August 09, 2004 12:12 Cool Thanks! Ok I'm divin' in tryin for a 15 count @ .0003. Hope it gets filled! IP: Logged
Spinoff Member	posted August 09, 2004 12:16 ok in @.0003 can't get much worse than what it is now so COMON PRRM!!! [This message has been edited by Spinoff (edited August 09, 2004).] IP: Logged
rickpic Member	posted August 09, 2004 12:31 Now hold through the 1st and get yourself 1.5 million free shares! Good Buy! Rick IP: Logged
rickpic Member	posted August 09, 2004 13:07 The numbers I am watching for here today are 100mm traded because 150mm were bought I believe by MMs on friday at .0002 and at 100mm they would be even selling back at .0003, but if it stay at .0003 past that the next number I'd guess may pop the PPS is 150mm shares traded, that would tell me that almost all shares bought at .0002 friday have been sold back into the market at a profit and the base price would then be .0003 again! Rick IP: Logged
Spinoff Member	posted August 09, 2004 13:17 Cool...just got outta GXXL...and added another 7 count of PRRM! Looking forward to that forward split. Figured this one is already down enough that the forward split won't effect it to much...ha IP: Logged
gmoney Member	posted August 09, 2004 13:22 quote: Originally posted by Spinoff: Cool...just got outta GXXL...and added another 7 count of PRRM! Looking forward to that forward split. Figured this one is already down enough that the forward split won't effect it to much...ha that is my biggest concern ... why would a company offer free shares like this? I am by no means a basher, but can someone explain the concept of how this company plans to profitably execute a 10-1 FORWARD split @ .0003 without a R/S. It basically sounds like they are giving away free shares on Sept 1st which makes me incredibly skeptical. Can someone enlighten me IP: Logged
rickpic Member	posted August 09, 2004 13:33 All I see is an absolute bottom of .0003 when 150 million shares have traded at .0003 today! Call it what you will but this is the bottom for this stock! 10% puts anyone buying here in the Green! Rick IP: Logged

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